BBVA has made an audacious decision to forge ahead with their current acquisition proposal for Banco Sabadell, despite the prevailing market uncertainties. The robust stance, articulated by BBVA’s president, Carlos Torres, underlines the confidence in the existing offer’s allure, remaining unchanged in the face of swirling contestations. In a recent gathering, Torres expressed optimism that … Read more
Amidst ongoing shifts in the European financial landscape, the Spanish Treasury recently conducted a successful auction of three and nine-month bonds, attracting significant investor interest despite lowering the yields to levels not seen in over a year and a half. Demand for Spanish debt reached nearly double the amount ultimately issued, reflecting continued confidence in … Read more
Shareholders of the cosmetics company Puig faced significant losses as the stock prices plummeted by over 11% following disappointing financial results in the first half of 2024. The company reported a 27% decrease in its net profit for the first six months of the year, prompting a sharp reaction from the markets. Puig, a recent … Read more
The latest market trends indicate a significant shift in investor behavior towards public debt investment. Despite lower yields, Spanish families are increasingly drawn to purchasing government bonds, reflecting a notable change in investment patterns. Data from the Banco de España reveals that retail investors boosted their investment in Treasury bonds by 65% in the first … Read more
The Euribor index underwent a significant decrease today, marking a shift in interest rates. This index, commonly used to calculate variable-rate mortgage interest in Spain, plays a crucial role in the financial sector. With various time frames ranging from one week to six months, the Euribor index offers a diverse range of options for lenders … Read more
Market turmoil has escalated due to recent economic fluctuations. The past week saw significant plunges in the Nikkei index, causing ripples in financial markets worldwide. The sudden downturn, influenced in part by the ‘carry trade’ strategy in currency markets, highlights the interconnectedness of global economies. The ‘carry trade’ strategy plays a pivotal role in market … Read more
Investors in Spain have long turned to twelve-month Treasury bonds as a safe haven against inflation. However, recent market expectations of interest rate cuts by the European Central Bank have caused a shift in bond profitability. The marginal interest rate for the 3.930 million euros auctioned has now dropped below 3% for the first time … Read more
A Shift in Home Financing Trends The reliance on mortgages for home purchases is waning in Spain, marking a significant shift in the real estate market. Data released by the National Statistics Institute (INE) revealed a notable 18.2% decrease in the number of mortgages recorded in May compared to the previous year, signaling a decreasing … Read more
As travelers hit the roads during the peak summer vacation season, the cost of fuel continues to climb. The latest data reveals that the price of diesel has surged past the 1.50 euros mark, reaching levels not seen since earlier this year. Meanwhile, gasoline prices are stubbornly holding above 1.60 euros per liter, marking a … Read more
The stock market opens today with a strong desire to bounce back from recent losses, breaking the trend of three consecutive downward sessions. Yesterday’s session saw the market close at the lowest level seen this month, emphasizing the volatility that has been prevalent. The market is now showing signs of recovery, with a positive start … Read more